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16 February 2025 | 44 replies
Know the rules of the sale, some sales wipe out liens, some do NOT, some require only cash payments, others won't accept cash, personal checks or business checks, some require pre-registration, some require that the bidder can't owe delinquent taxes on any property, some vet the bidders for state and Federal liens,.....2.
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4 February 2025 | 24 replies
This of course can be scaled up as well for better profits, if you have a 1 acre lot, you can probably fit 2 buildings with 4 units each (depending on zoning requirements), or 4 buildings on 2 acres and so on.
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28 January 2025 | 1 reply
Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."
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21 February 2025 | 6 replies
Required good credit, adequate reserves, full doc commercial loan with a personal guarantee.
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6 February 2025 | 3 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
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16 February 2025 | 11 replies
In Cleveland, I'm taking down duplexes as rentals and Cuyahoga county requires us to communicate with 3 - 5 departments just to get payoffs.
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30 January 2025 | 6 replies
Most if not all of these properties require SIGNIFICANT cap ex rehabs and conventional financing won't touch them; you'd likely need to go the hard money route at 10-12%, 2 points, 12-18mon turn around.
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11 February 2025 | 11 replies
If you can qualify for conventional cash out refinancing, most lenders do not have a minimum loan amount requirement.
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6 February 2025 | 11 replies
The growth of 1.6 million additional residents will require investments in infrastructure, housing and transportation, the organization added.The numbers were provided by the group’s research team with data from the North Carolina Office of State Budget and Management and the South Carolina Department of Revenue.
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13 February 2025 | 5 replies
The Sonyma FHA loan, if you refi the loan, move from before the 10 year requirement, etc.